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244 Sherman Avenue, New Haven, CT 06518

Multi-Family For Sale · 2 Family

$499,900
$122/sqft
244 Sherman Avenue, New Haven, CT
Active
Photo 2
6
Bedrooms
4
Bathrooms
4,090
Sq Ft
0.09
Acres
1900
Year Built

About This Home

Exceptional value-add opportunity in the heart of New Haven's desirable Edgewood neighborhood! This unique multi-family property offers an exciting opportunity for investors, developers, and visionaries looking to unlock its full potential. Currently configured as a 2-family with 6 bedrooms and 6 full bathrooms, the property also comes with zoning-approved plans to convert it into a 5-family residence, creating a rare opportunity to significantly increase its income-producing potential. With generous square footage and a flexible layout, this property provides a strong foundation for a transformative renovation. Whether you're an experienced investor or looking for your next development project, the possibilities are substantial. Bring your contractor, your vision, and the right team to reimagine this property into a standout asset in one of New Haven's most established neighborhoods. Located in the sought-after Edgewood neighborhood, you'll enjoy convenient access to Edgewood Park, Yale University, Yale New Haven Hospital, local restaurants, shopping, public transportation, and major highways, making this an attractive location for future tenants. While the property requires significant renovation and is being offered as an opportunity for someone ready to add value, the approved conversion plans and prime location make it a truly compelling investment. Don't miss your chance to bring new life to a property with exceptional upside and long-term potential.

Listed by Javyn Roundtree (475) 227-4312 with Roundtree Realty LLC (475) 227-4312

Listing Snapshot

Price $499,900 Days on Our Site 26 days
Property Tax $13,408/yr Style Units on different Floors,Units are Side-by-Side
Year Built 1900 Total Sq Ft 4,090
Lot Size 0.09 acres HOA Fees N/A
Bedrooms 6 Full Bathrooms 4
Total Rooms 11 Half Baths 0

Structure & Parking

Construction Frame
Roof Asphalt Shingle

Systems & Utilities

Heat Hot Air
Fuel Natural Gas, Oil
Cooling None
Hot Water Natural Gas, Oil, 50 Gallon Tank
Water Public Water Connected
Sewer Public Sewer Connected

Schools

Elem Edgewood
Middle Enginering/Science
High James Hillhouse

Mortgage Calculator

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Est. Monthly Payment —
Principal & Interest —
Est. Property Tax $1,117/mo
Est. Home Insurance —

Estimate only. Contact a lender for accurate figures.

Listing History

Date Event Price
Jul 6, 2026 Listed $499,900

Frequently Asked Questions

How much does 244 Sherman Avenue in New Haven, CT cost?
This property is listed at $499,900, which works out to $122 per square foot.
How many bedrooms does 244 Sherman Avenue have?
This home has 6 bedrooms and 4 bathrooms.
What is the square footage of 244 Sherman Avenue?
The home is 4,090 square feet, situated on 0.09 acres.
When was 244 Sherman Avenue in New Haven built?
This property was built in 1900.
Is 244 Sherman Avenue, New Haven, CT still available?
The current MLS status of this property is "Active". Contact RYZE Realty Group for the latest availability.
What school district is 244 Sherman Avenue, New Haven in?
This home is served by the New Haven public school system, with Edgewood as the elementary school and James Hillhouse as the high school.
How do I schedule a tour of 244 Sherman Avenue, New Haven, CT?
Contact RYZE Realty Group to schedule a private showing. You can submit a tour request directly on this page or call our office.

Listing Agent

Javyn Roundtree · (475) 227-4312

Roundtree Realty LLC · (475) 227-4312

MLS# 24189456 · Data provided by SmartMLS. Information deemed reliable but not guaranteed.
Listing updated Jul 29, 2026 7:00 AM UTC